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tv   Asia Business Report  BBC News  December 12, 2023 12:30am-12:46am GMT

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jinping is due to arrive in hanoi capital in a few hours. he's there for two days, and the visit is aimed at strengthening ties with its southern neighbour. china is already vietnam s largest investor. this year, registered investment from mainland china and hong kong combined, doubled to more than 8.billion dollars. that's compared to 20—22, when pandemic restrictions in china were still in place. but with the us pushing to grow its influence in the region, economically and of course, and imported neighbour is well and so, political relationship will
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be important in terms of the president strengthening bilateral ties further. in vietnam has become increasingly important in its own right as an export market and is not the fifth largest export market for china and growing tremendously over the last 25 years as it is become more important as a manufacturing hub for other countries and a enhancing economic ties is going to be very much the centre for prison xijinping's visit —— xi jinping's visit —— president. xi jinping's visit -- president.- xi jinping's visit -- resident. �* ., president. are you not concerned _ president. are you not concerned that - president. are you not concerned that those i president. are you not - concerned that those issues could overshadow some of the economic agenda? i could overshadow some of the economic agenda?— economic agenda? i think for some years. _ economic agenda? i think for some years, this _ economic agenda? i think for some years, this is _ economic agenda? i think for some years, this is been - economic agenda? i think for i some years, this is been worked through and the focus of this visit will be very much on
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strengthening relations and ways to improve bilateral ties and i think much of the emphasis will be to improve bilateral ties and supply chains and also, china wants to help vietnam in terms of infrastructure development and thatis infrastructure development and that is going to be very much at the centre of discussion. fix, at the centre of discussion. a new survey shows let's stay with china, because a new survey shows british companies are less pessimistic about doing business there. that's according to the annual report of business sentiment from the british chamber of commerce in china, but it also shows that companies are still finding it difficult to operate in the world s second largest economy, at a time of a deepening property crisis and strained geopolitical relationships. let's bring in the chair of the british chamber of commerce in china,
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julian fisher. pessimism has gone down a little bit and it's been incredibly difficult time to do business and i think one thing they did surprise us at of businesses that it was more difficult doing business now in october or november we conducted the survey than a year ago and i particularly as to the service sectors. i5 year ago and i particularly as to the service sectors. is that because the _ to the service sectors. is that because the worsening - to the service sectors. is that. because the worsening economic conditions are the challenges? the chinese economy and the enormous impact and geopolitics in a relationship with the uk in a relationship with the uk in the us, increasing nationalism in the global economy in the sector of the uk economy in the sector of the uk economy but is less market entry, less overall business activity to provide the revenue for the services.— for the services. any sectors doinu for the services. any sectors doing better _ for the services. any sectors doing better in _ for the services. any sectors doing better in china? - doing better in china? relatively retail during been better than they were last year
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because there is lockdowns is very hard for them to conduct business and real bright spots in the energy and health care and editing that mirrors a lot of the findings which you a line with government initiatives and demands, there can be positivity for business in china because what about health care protecting young and or people and they're looking for energy sufficiency. from a prime minister david cameron, how do british businesses in china view that appointment? in businesses in china view that appointment?— appointment? in the survey, with the most _ appointment? in the survey, with the most positive - appointment? in the survey, i with the most positive action between the uk and chinese government this year and overwhelmingly was the visit of the foreign secretary to the country and i think you will be welcomed here but ultimately, it's about engagement, if you will come and visit the country in the second biggest economy or trading partner in the uk and engaging quickly in the elections will not postpone any visit both ways. the
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elections will not postpone any visit both ways.— visit both ways. the united auto workers _ visit both ways. the united auto workers have - visit both ways. the united auto workers have filed i visit both ways. the united i auto workers have filed unfair labour practice charges of a he calls oppressive the united auto workers union has filed unfair labour practice charges against honda, hyundai and volkswagen over what it calls aggressive anti—union campaigns to deter workers from organising. volkswagen says it will investigate the claims, while honda said it does not intefere with workers' rights to engage in activity. hyundai did not respond to requests for comment. let's get the details from our north america business correspondent erin delmore. first, the union secured record gains on pay and benefits after six weeks of strikes against the big three auto—makers and the big three auto—makers and the needs set their sights on nonunion plants that are in the us and owned by foreign companies and electric vehicle makers now, the charges against honda, hyundai and volkswagen accusing them of interfering with employee efforts to unionise they did not mince words. , ., unionise they did not mince words. ., ., ~ , words. our message to workers everywhere _ words. our message to workers
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everywhere is — words. our message to workers everywhere is simple, - words. our message to workers everywhere is simple, the - words. our message to workers everywhere is simple, the uaw| everywhere is simple, the uaw has your— everywhere is simple, the uaw has your back. and our message is clear— has your back. and our message is clear to — has your back. and our message is clear to the companies, an attack— is clear to the companies, an attack on _ is clear to the companies, an attack on a _ is clear to the companies, an attack on a worker anywhere is an attack— attack on a worker anywhere is an attack on workers everywhere. if you come after one autoworker, your coming after— one autoworker, your coming after all— one autoworker, your coming after all of us. gf one autoworker, your coming after all of us.— after all of us. of the activity _ after all of us. of the activity experienced l after all of us. of the i activity experienced by after all of us. of the - activity experienced by workers ranges from surveillance to harassment, threats and intimidation, confiscating, destroying prounion materials in the break room. volkswagen says it respects workers' rights seizure represent their workers' rights in the workplace and takes claims like this very seriously will investigate accordingly. is read half of what it was and stands around a quarter of it was at its peak in 1979. in other news making headlines, wework, the shared office firm once valued at 47 billion dollars, has resolved
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consumers around the world have struggled to deal with high inflation, causing the cut back on discretionary spending. its boom time for india s luxury market. from premium cars to designer hand bags & fine watches — they are all flying off the shelves. but this boom also coincides with flattening consumption across the broader market. and worries of growing inequality in asia's third largest economy. from mumbai, here s nikhil inamdar with this report. india's richest man launching the country as large as luxury shopping centre. the opening features the red carpet with big stars. the shops in salons of global brands and prime real estate here. and areas like
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this and made their debut with this and made their debut with this is not difficult to understand why these glitzy premium shopping malls are springing up across the country. india is with millionaires. appetite and for luxuries visible. sales of luxury homes and jumped forward this year. high—end smartphones are flying off the shelves and luxury garment makers are making the best year ever. the doctor fulfilled a lifelong dream last month and splashed out of this hundred thousand dollars mercedes. it’s out of this hundred thousand dollars mercedes.— dollars mercedes. it's a big da for dollars mercedes. it's a big day for me. _ dollars mercedes. it's a big day for me, i've _ dollars mercedes. it's a big day for me, i've come - dollars mercedes. it's a bigj day for me, i've come from dollars mercedes. it's a big l day for me, i've come from a humble background this day for me, i've come from a humble background— day for me, i've come from a humble background this is the new aspirational _ humble background this is the new aspirational in _ humble background this is the new aspirational in the - new aspirational in the umpiring luxury car sales as
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they go at twice the pace of they go at twice the pace of the broader market.- they go at twice the pace of the broader market. there are more open _ the broader market. there are more open to _ the broader market. there are more open to showing - the broader market. there are more open to showing off- the broader market. there are | more open to showing off their success— more open to showing off their success and it is clearly an aspiration in india right now. but the _ aspiration in india right now. but the luxury boom comes the spending as a whole remains weak of the rich are buying more than ever, the poor are cutting back. more than ever, the poor are cutting back-— cutting back. people are still at the fringes _ cutting back. people are still at the fringes of _ cutting back. people are still at the fringes of their - at the fringes of their existence _ at the fringes of their existence and - at the fringes of their existence and most l at the fringes of theiri existence and most of at the fringes of their- existence and most of the growth _ existence and most of the growth in _ existence and most of the growth in india _ existence and most of the growth in india is- existence and most of the growth in india is largely. existence and most of the . growth in india is largely led by a — growth in india is largely led by a small— growth in india is largely led by a small number, - growth in india is largely led by a small number, 40 - growth in india is largely led by a small number, 40 to i by a small number, 40 to 50 million — by a small number, 40 to 50 million people. _ by a small number, 40 to 50 million people. $— by a small number, 40 to 50 million people.— by a small number, 40 to 50 million people. a huge number of potential _ million people. a huge number of potential customers - million people. a huge number of potential customers will - of potential customers will take the luxury goods market $200 billion at the next few years. and he cannot commit better time. and the growth of
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the luxury market has been losing steam. and that's it for this edition of asia business report. thanks for watching. breaking the law, filmed on the streets of lincoln the last few days, the only place they can legally be written is for the permission of the landowner it is become a common site. you don't even _ is become a common site. you don't even know. _ is become a common site. you don't even know. a _ is become a common site. you don't even know. a wide - is become a common site. you don't even know. a wide range of scooters _ don't even know. a wide range of scooters on _ don't even know. a wide range of scooters on sale _ don't even know. a wide range of scooters on sale and - don't even know. a wide range of scooters on sale and high i of scooters on sale and high street shops alongside warnings from police and their messages, think twice before you buy one
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as a present. think twice before you buy one as a present-— as a present. you can only use on private — as a present. you can only use on private hands _ as a present. you can only use on private hands and - as a present. you can only use on private hands and for - as a present. you can only use on private hands and for most| on private hands and for most people. — on private hands and for most people, they're not going to have — people, they're not going to have the _ people, they're not going to have the option.— have the option. allowing eo - le have the option. allowing people to _ have the option. allowing people to travel, - have the option. allowing people to travel, i - have the option. allowing people to travel, i think. have the option. allowing| people to travel, i think it have the option. allowing i people to travel, i think it is a good — people to travel, i think it is a good idea _ people to travel, i think it is a good idea i— people to travel, i think it is a good idea-— a good idea. i think it's a aood a good idea. i think it's a good idea _ a good idea. i think it's a good idea for _ a good idea. i think it's a good idea for an - a good idea. i think it's a i good idea for an alternative a good idea. i think it's a - good idea for an alternative to bikes, but into their regulated and actually looked at, i think development of a problem. tonight, mosquitoes in the uk and santa claus in a helicopter. uk branch of a christian church has been secretly filmed trying to cast out evil spirits and a 16—year—old and a pastor from the church of the kingdom of
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god known as the ck was in deciding what looks like strong prayers to read the boy of a demon and they sit under a teens are not allowed in the strong prayer services for all of this, you can watch panorama on iplayer. other stories now, mosquitoes, you probably associate them with being abroad but once capable of spreading diseases within the next 20 years and conditions are being made increasingly ideal because of climate change. customers have told us that they feel outraged after it shut down and lots of customers are worried that they will get their money back in the the inconvenience and told customers to ask their local dentist any questions about further treatment and a ring with over £600,000 that went missing at the ritz hotel in paris has been found in a
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vacuum cleaner by the security guards. the owner was staying there police are looking after it until she can collect it. and for ten seconds of santa using a helicopter as he took 200 presence to a children's hospital in oxford in the fifth year that the youth activities team have organised this and is just adorable. you're all caught up now. see you later.
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hello and welcome to sportsday — chaos and presidential condemnations as turkish fa halts league football after a club president punches a super lig referee. the nigerian double! victor osimhen is crowned african footballer of the year and his compatriot asisat oshoala takes the women's award. england name their men's test squad to tour india. we'll bring you up to date with those heading to the subcontinent and there's a big surprise in there.
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we'll start with some extraordinary news from the top flight in turkish football. the countries football association has suspended all leagues after one of turkeys top referees, who is also on uefa's elite referee list, was punched to the ground by a club president after a fiery end to a match, halil umut meler was knocked down by mke ankaragujew president faruk koca who ran on to the pitch after his team conceded a 97th—minute equaliser in a 1—1 super lig draw with chaikur rizespor. meler received several blows from others as he lay on the turf. the incident sparked chaotic scenes involving players and club officials. the club president required treatment in hospital but "detention procedures will be carried out after the treatment", according to turkey's minister of internal affairs, ali yerlikaya. we've had some statements in, the turkish fa chairman mehmet buyukeksi said in a news
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conference, "the matches in all leagues have been postponed indefinitely."

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